Belgium: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in Belgium

After two years of decline, the Belgian electronic lamp machine market increased by 98% to $X in 2021. Over the period under review, consumption, however, continues to indicate a pronounced descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Electronic Lamp Machine Production in Belgium

In value terms, electronic lamp machine production dropped slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 3.6% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Electronic Lamp Machine Exports

Exports from Belgium

For the fifth consecutive year, Belgium recorded growth in shipments abroad of machines for electric or electronic lamps, tubes, valves or flashbulbs, which increased by 199% to X units in 2021. In general, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 3,951%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, electronic lamp machine exports soared to $X in 2021. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 4,791% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for electronic lamp machine exports from Belgium, with a 75% share of total exports. Moreover, electronic lamp machine exports to Germany exceeded the volume sent to the second major destination, Spain (X units), sixfold. The third position in this ranking was taken by France (X units), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +1,567.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+1,658.1% per year) and France (+952.6% per year).

In value terms, Germany ($X) emerged as the key foreign market for electronic lamp machine exports from Belgium, comprising 73% of total exports. The second position in the ranking was taken by Spain ($X), with a 12% share of total exports. It was followed by France, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +1,893.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+3,077.0% per year) and France (+1,039.1% per year).

Export Prices by Country

The average electronic lamp machine export price stood at $X per unit in 2021, with a decrease of -60.1% against the previous year. Overall, the export price faced a sharp descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 821% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+86.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Lamp Machine Imports

Imports into Belgium

In 2021, electronic lamp machine imports into Belgium skyrocketed to X units, with an increase of 802% against the previous year. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic lamp machine imports soared to $X in 2021. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 12,460% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electronic lamp machine to Belgium, accounting for a 88% share of total imports. Moreover, electronic lamp machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was held by France (X units), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+70.6% per year) and France (-10.1% per year).

In value terms, the largest electronic lamp machine suppliers to Belgium were China ($X), Japan ($X) and France ($X), together accounting for 88% of total imports.

In terms of the main suppliers, China, with a CAGR of +56.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electronic lamp machine import price amounted to $X per unit, declining by -71.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 2,268%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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